A product that is a close substitute but not a perfect substitute for the products of other firms is called

Name: A product that is a close substitute but not a perfect substitute for the products of other firms is called
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A differentiated product is one that is a close substitute but not a perfect substitute for the products of other firms, indicating that it has unique features or attributes that set it apart from competitors' offerings.

A Product That Is a Close Substitute but Not a Perfect